The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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AUDUSD analysis: strong weakness in AUD sends pair to new multi-month lows
USDJPY: Japanese Yen remains strong but may be topping out
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USDCHF supported above 1.0050 as risk appetite made a small recovery
GBPUSD close to 3-month low as Brexit deadlock remains
EURUSD Analysis: Bearish below resistance at 1.1225
The Euro went back and forth during the trading session on Wednesday, as we continue to dance around the 1.12 handle.
Bitcoin markets rallied again during the trading session on Wednesday, but at this point we are getting away overextended.
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The US dollar initially tried to rally against the Mexican peso but then slammed into a major downtrend line yet again, and yet again we have seen that downtrend line hold.
The S&P 500 initially fell during trading on Wednesday but found enough support again towards the 2800 level to turn around of form a nice-looking hammer.
The WTI Crude Oil market rallied a bit during the trading session on Wednesday, showing the trend line to be reliable and still in effect.
The US dollar fell initially during the trading session on Wednesday but found enough support underneath to turn things around and form a bit of a hammer.
Gold markets went back and forth during the trading session on Wednesday, as we are testing a major downtrend line.
NZDUSD analysis: weakness in NZD sends pair to multi-month lows